A step in the right direction. Wonder what bonuses will look like this time.
12 replies (most recent on top)
Just another political push
@these days…but be sure to download Up Wise so you can plan your spending and savings goals! When a Metlife salary barely covers the basics.
There's a huge (1k+ jobs) hiring push in Aurora, Oriskany, and Dayton for GCSO. Most of them are entry level claims associates in this salary band. I know everyone likes to hate on met here, but this is a solid move by Bill. They're not pushing to Cary, but they are slowly leaving Warwick.
These days you'd be hard pressed to live comfortably off $42k even in NC, at least where our offices are. Average rent in Cary lately is $1600-$2000/month for a basic place. That's almost half of your salary eaten up by rent—most financial advisors would tell you that's 20% more than you should be spending on housing.
Want to find something at the 30% range? Enjoy that 90+ minute commute to the boonies in soul crushing traffic.
I agree that $20.00 an hour is a good starting salary for the skills that they bring, however rent (average $1200 -$1,400 per month) is not cheap particularly in Warwick, RI. That's why most jobs will be shipped to North Carolina or India and MetLife will still get the good press for raising their "minimum wage". Keep in mind MetLife sold the Warwick site a few years ago and are just renting the space.
@4ktu+1cpRfSyp the people getting these raises to $20 an hour aren't living in "major cities"
The people at MetLife who make these hourly wages live near places like Tulsa, OK and Warwick, RI. None of them are in NYC for example. They are doing pretty well for themselves with that hourly rate and the skills they bring.
$20 per hour times 40 hours a week is $800.00 per week or $41,600 per year before taxes and other deductions. Keep that in mind. While it is a step in the right direction, I am not sure you can live on that in a major city in the US.
Watch. Next year they're going to outsource all the jobs they bumped to $20 over to India and the Philippines.
So what are they doing for the experienced employees to make up for last year's 1.5% debacle? Impacts far more employees and somehow omitted from the recent press release...
Happy for these people making more money, but let's be real here. Probably a minimal expense for MetLife to do this considering how few employees are actually in this category. Simple way to buy a positive headline in the news outlets and make people happy.
Meanwhile the rest of MetLife still got sh-t on with their minimal bonus and raise this year, if any at all.
Also $20
Me too.
The new floating holiday might decrease our bonus.